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State-owned NTPC arm gets 500 MW renewable energy project from REMCL

State-owned power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPCREL) has bagged a 500 MW renewable energy round-the-clock (RE-RTC) project

NTPC

Press Trust of India New Delhi

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State-owned power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPCREL) has bagged a 500 MW renewable energy round-the-clock (RE-RTC) project.
The work has been awarded by REMCL, which is a joint venture (JV) company of the Ministry of Railways and RITES Ltd, NTPC said in a statement.
"NTPC REL, a wholly-owned subsidiary of NGEL which in turn is a subsidiary of NTPC Limited, received Letter of Acceptance for 500 MW RE-RTC power from REMCL," it said.
The capacity has been won in a competitive bidding process for a total 900 MW RE-RTC on offer, NTPC said, adding a power purchase agreement (PPA) will be signed with Indian Railways for 25 years.
Through a combination of solar and wind power, the project would supply round-the-clock green energy to REMCL.
NTPC, under the Ministry of Power, is the country's largest power producing company.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 27 2023 | 8:49 PM IST

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